The sell-off in the bond markets, not only here, but in global bonds, is scaring a lot of investors. At the same time, we are seeing a rotation from some of last year's bigger gainers, such as the energy companies, and people are just taking profits on those big names.

Michael Strauss

Bond Bonds Global Investors Markets Not Scaring Sell

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We won't be spending the kind of money we would if we could (sell) bonds. But we are going to use this year to prepare as thoroughly as possible for when that bond money does become available.